청 "Defense Companies Can Enter Mid-to-Long Range Civilian Launch Vehicle Market" (Comprehensive)

Blue House Provides Additional Explanation on US-South Korea Missile Guidelines Revision... "Private Companies Should Not Miss the Golden Time and Secure Competitiveness"

[Asia Economy Reporters Ryu Jeong-min and Son Seon-hee] Park Soo-kyung, Science and Technology Advisor to the Blue House, stated in a briefing on June 29 regarding the revision of the South Korea-US missile guidelines, "The guidelines adopted yesterday have the effect of activating the development of various launch vehicles necessary to enter the ranks of advanced space development countries," adding, "Defense companies that have accumulated solid fuel technology can now enter the mid-to-long-range civilian launch vehicle market."

Advisor Park said, "In the future, small satellites for communication and observation, which are expected to grow explosively, need to be launched on launch vehicles, and competitiveness in this small launch vehicle market is expected to increase," adding, "In the new space era where space development is shifting from government-led to private cooperation, our private companies can secure competitiveness without missing the golden time, and an environment has been created to realize the dreams of young talents who want to challenge the space industry."

[Image source=Yonhap News]

Advisor Park stated, "There are many related parts involved in the process of starting a business to manufacture small launch vehicles, so the parts industry is also expected to be revitalized," adding, "In the case of Naroho, there are 100,000 parts, and for Korean-type launch parts, about 120,000 parts. We will spare no active support for South Korea to leap forward as an advanced space country."

Meanwhile, a senior Blue House official said, "The current government is developing basic technologies related to space as science and technology-based technologies," adding, "There is the Korea Aerospace Research Institute, and various private sectors participate in the projects underway. Please understand that this is not financial support for companies but a steady investment in basic R&D and support for demonstration research."

This content was produced with the assistance of AI translation services.